Aditya Birla Sun Life MNC Fund
Direct · GrowthAI Summary
Aditya Birla Sun Life MNC Fund has delivered SIP XIRR of 11.97% over 3Y and 10.43% over 5Y, but this trails the category average SIP XIRR of 16.22% and 17.45% respectively by a wide margin. Against the NIFTY 50, the fund shows negative alpha across most windows (e.g., -1.67% over 3Y and -1.53% over 10Y), though it outperformed over the 12Y and 15Y periods with alpha of 1.47% and 2.86%. Recent performance is weak, with a -13.32% calendar year return in 2026 and a 1Y XIRR of just 6.83%.
The fund exhibits low beta (0.65-0.80) with nearly symmetric upside and downside capture (e.g., 65.36% upside vs 64.11% downside over 5Y), indicating muted movement in both directions rather than defensive outperformance in falls. Nine drawdown events exceeding 10% have occurred, and while the latest maximum drawdown was shallow at -0.32%, recovery took 253 days. Calmar ratios between 0.35 and 0.50 across windows suggest modest risk-adjusted returns.
The 60-stock portfolio is well diversified at the stock level, with the top holding Maruti Suzuki at only 5.45% and the top ten totaling roughly 35.5% of NAV. Sector exposure is spread across Pharmaceuticals (11.4%), Auto Components (8.7%), Industrial Products (7.1%), Food Products (7.0%), and Automobiles (6.8%), consistent with an MNC theme spanning consumer, auto, and healthcare multinationals. No single sector dominates excessively, though the thematic mandate concentrates the fund in large-cap MNC names.
The fund significantly underperforms its Sectoral/Thematic category peers on SIP XIRR across all horizons, lagging by roughly 4-7 percentage points (e.g., 10.43% vs 17.45% over 5Y). Long-term consistency is a relative bright spot, with positive alpha over 12Y and 15Y and lump-sum rolling returns improving with longer windows, reaching 14.21% mean over 12Y. However, the recent 1Y-3Y stretch shows clear underperformance versus both peers and the benchmark.
This fund suits investors who specifically want exposure to multinational companies with global parentage and stable business models, ideally as a satellite allocation of 5-10% of the equity portfolio rather than a core holding. A long horizon of 7-10+ years is appropriate, given that the fund's alpha and rolling returns have historically improved over extended periods. Investors should have moderate risk tolerance and patience, as the fund has endured multiple 10%+ drawdowns and is currently in a weak performance phase.
- Long-term outperformance versus NIFTY 50, with positive alpha of 1.47% over 12Y and 2.86% over 15Y
- Well-diversified 60-stock portfolio with the largest holding at just 5.45% of NAV and balanced sector spread
- Low beta (0.65-0.80) with downside capture below 100% across all periods, cushioning market falls
- Significant underperformance versus category peers on SIP XIRR across all horizons, lagging by 4-7 percentage points
- Weak recent momentum, including a -13.32% calendar year return in 2026 and negative alpha over 1Y-10Y windows
Generated on 26-10-2026, 2:15 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.62 L | 17.0% | -45.4% | 116.4% |
| 3 Years | ₹36.00 L | ₹42.64 L | 12.0% | -15.8% | 38.9% |
| 5 Years | ₹60.00 L | ₹77.27 L | 10.8% | -5.4% | 26.6% |
| 7 Years | ₹84.00 L | ₹1.19 Cr | 10.2% | 4.0% | 16.1% |
| 10 Years | ₹1.20 Cr | ₹2.07 Cr | 10.4% | 5.9% | 13.9% |
| 12 Years | ₹1.44 Cr | ₹2.84 Cr | 10.6% | 6.5% | 14.2% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.0% | 14.3% | 10.6% | +2.7% |
| 3 Years | 12.0% | 11.0% | 16.2% | +0.9% |
| 5 Years | 10.8% | 10.4% | 17.4% | +0.4% |
| 7 Years | 10.2% | 10.6% | 16.6% | -0.3% |
| 10 Years | 10.4% | 11.4% | 16.4% | -1.0% |
| 12 Years | 10.6% | 11.3% | 15.8% | -0.8% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.3% | 9.9% | -24.4% | 109.8% | 0.42 | 1.62 | 74% | — | — |
| 3 Years | 13.2% | 11.3% | -1.6% | 38.0% | 0.83 | 7.15 | 100% | — | — |
| 5 Years | 12.0% | 10.6% | 0.6% | 28.9% | 0.88 | 7.51 | 100% | — | — |
| 10 Years | 12.3% | 12.0% | 7.3% | 17.1% | 1.90 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -6.12 | 0.80 | 69.9% | 77.7% | -14.7% | -12.4% |
| 3 Years | -1.35 | 0.72 | 71.0% | 70.2% | 4.9% | 6.1% |
| 5 Years | -0.76 | 0.67 | 65.5% | 63.8% | 4.4% | 4.5% |
| 7 Years | -1.92 | 0.65 | 62.8% | 61.9% | 6.8% | 9.8% |
| 10 Years | -1.33 | 0.66 | 64.2% | 62.9% | 7.6% | 10.2% |
| 12 Years | +1.62 | 0.67 | 66.9% | 62.5% | 9.9% | 9.1% |
| 15 Years | +2.98 | 0.64 | 66.3% | 59.9% | 11.3% | 9.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Maruti Suzuki India Limited | 5.45% |
| 2 | Hindustan Unilever Limited | 4.03% |
| 3 | United Spirits Limited | 3.77% |
| 4 | Nestle India Limited | 3.55% |
| 5 | Schaeffler India Limited | 3.48% |
| 6 | Gland Pharma Limited | 3.39% |
| 7 | Cummins India Limited | 3.37% |
| 8 | Vedanta Aluminium Metal Ltd | 2.96% |
| 9 | Britannia Industries Limited | 2.91% |
| 10 | Bosch Limited | 2.62% |